On November 04, 2025, the Reserve Bank of India released the results of the yield/price-based auction of state government securities. The total amount to be raised was ₹13600 Crore, while the total amount accepted was ₹11600 Crore.
Individual state details:
* **Andhra Pradesh:** ₹1000 Crore raised and accepted with a 7.30% yield for a 12-year tenor; ₹1000 Crore raised and accepted with a 100.12/7.4873% yield, and ₹1000 Crore raised and accepted with a 100.10/7.4894% yield for the re-issue of 7.50% Andhra Pradesh SGS 2045 and 2046, issued on October 01, 2025.
* **Goa:** ₹100 Crore raised and accepted with a 7.25% yield for an 11-year tenor.
* **Kerala:** ₹2000 Crore raised and accepted with a 7.48% yield for a 20-year tenor.
* **Maharashtra:** ₹1000 Crore raised and accepted with a 100.07/7.1901% yield for the re-issue of 7.20% Maharashtra SGS 2036, issued on October 23, 2025; ₹1000 Crore raised and accepted with a 98.83/7.3813% yield for the re-issue of 7.26% Maharashtra SGS 2042, issued on October 08, 2025. Maharashtra did not accept any amount in the re-issue of 7.29% Maharashtra SGS 2050, issued on October 23, 2025 and re-issue of 7.16% Maharashtra SGS 2055, issued on August 06, 2025.
* **Rajasthan:** ₹500 Crore raised and accepted with a 6.66% yield for a 04-year tenor.
* **Tamil Nadu:** ₹1000 Crore raised and accepted with a 7.14% yield for a 10-year tenor; ₹2000 Crore raised and accepted with a 7.46% yield for a 30-year tenor.
* **Telangana:** ₹1000 Crore raised and accepted with a 7.45% yield for a 32-year tenor.
For further information, contact Ajit Prasad, Deputy General Manager (Communications). Press Release number: 2025-2026/1444. The Reserve Bank of India's website is www.rbi.org.in, and the email is helpdoc@rbi.org.in.
Key Entities Referenced
State Government Securities: Securities issued by various state governments, the subject of the auction.
Reserve Bank of India: The regulator and auctioneer in this press release.
Andhra Pradesh SGS: State Government Securities of Andhra Pradesh referenced in the auction.
Maharashtra SGS: State Government Securities of Maharashtra referenced in the auction.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय �रज़वर् बैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, केंद्रीय कायार्लय, शहीद भगत िसंह मागर्, फोटर्, मुंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
November 04, 2025
Result of Yield/ Price Based Auction of State Government Securities
Sr. State Amount to Amount Cut off Tenor (Year)
No. be raised Accepted Price (₹)/
(₹ Crore) (₹ Crore) Yield (%)
1. Andhra 1000 1000 7.30 12
Pradesh 1000 1000 100.12/7.4873 Re-issue of 7.50% Andhra
Pradesh SGS 2045, issued
on October 01, 2025
1000 1000 100.10/7.4894 Re-issue of 7.50% Andhra
Pradesh SGS 2046, issued
on October 01, 2025
2. Goa 100 100 7.25 11
3. Kerala 2000 2000 7.48 20
4. Maharashtra* 1000 1000 100.07/7.1901 Re-issue of 7.20%
Maharashtra SGS 2036,
issued on October 23,
2025
1000 1000 98.83/7.3813 Re-issue of 7.26%
Maharashtra SGS 2042,
issued on October 08,
2025
1000 - - Re-issue of 7.29%
Maharashtra SGS 2050,
issued on October 23,
2025
1000 - - Re-issue of 7.16%
Maharashtra SGS 2055,
issued on August 06, 2025
5. Rajasthan 500 500 6.66 04
6. Tamil Nadu 1000 1000 7.14 10
2000 2000 7.46 30
7. Telangana 1000 1000 7.45 32
Total 13600 11600
*Maharashtra has not accepted any amount in the re-issue of 7.29% Maharashtra SGS 2050, issued
on October 23, 2025 and re-issue of 7.16% Maharashtra SGS 2055, issued on August 06, 2025.
Ajit Prasad
Press Release: 2025-2026/1444 Deputy General Manager
(Communications)